sectoral change in indian GDP

COMPARE THE CONTRIBUTION MADE BY DIFFERENT SECTORS OF INDIAN ECONOMY TOWARDS GDP DURING THE PLANNING PERIOD Acknowledgement
Index
Introduction:About the Indian economy- The economy of India is the ninth-largest in the world by nominal GDP and the third-largest by purchasing power parity(PPP). India is the 19th-largest exporter and the10th-largest importer in the world. The independence-era Indian economy (from 1947 to 1991) was based on a mixed economy combining features of capitalism and socialism, resulting in an inward-looking, interventionist policies and import-substituting economy that failed to take advantage of the post-war expansion of trade. This model contributed to widespread inefficiencies and corruption, and the failings of this system were due largely to its poor implementation. In 1991, India adopted liberal and free-market principles and liberalised its economy to international trade under the guidance of Former Finance minister Manmohan Singh under the Prime Ministry of P.V. Narasimha Rao, prime minister from 1991 to 1996, who had eliminated Licence Raj, a pre- and post-British era mechanism of strict government controls on setting up new industry. Following these major economic reforms, and a strong focus on developing national infrastructure such as the Golden Quadrilateral project by Atal Bihari vajpayee, prime minister, the country's economic growth progressed at a rapid pace, with relatively large increases in per-capita incomes. General growth of the Indian economy in the last decade- The economic development in India followed socialist-inspired policies for most of its independent history, including state-ownership of many sectors. After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy. In the late 2000s, India's growth reached 7.5%, which will double the average income in a decade. The economic growth has been driven by the expansion of services that have been...

You May Also Find These Documents Helpful

...India Economy GDP
India’s economy is the twelfth largest in the world in terms of market exchange rates. Since liberalization of the economy in 1991, the economy has progressed towards a market-based system from a regulated and protected one. The country became the second fastest growing economy in the world in 2008. India Economy GDP growth rate was 6.1% in 2009.
Gross Domestic Product (GDP) is the measure of a country’s economic performance. It is the market value of all the goods and services produced in a year. GDP can be calculated in three ways namely through the product (or output) approach, expenditure approach and income approach. The product approach is the most direct one which calculates the total product output of each class.
The expenditure approach calculates the total value of the products bought by an individual which should be equal to the expenditure of the things bought. The expenditure approach calculates the sum of all the producers' incomes where the incomes of the productive factors are equal to the value of their product.
In 2007, the Indian economy GDP crossed over a trillion dollar which made it one of the twelve trillion dollar economy countries in the world. There has been excellent progress in knowledge process services, information technology, and high end services. But the economic growth has been sector and location specific.
The trend for...

...What is GDP?
The Gross Domestic Product (GDP) has been the most widely used indicator of a nation’s welfare since 1944. For decades, people regard countries with higher GDP as stronger ones and whatever is good for the GDP is also good for the nation. But is that true? And what does GDP actually measure?
In my opinion, GDP only measures part of the economic growth, while ignores the economic health and human well-being. First of all, GDP counts all the money transitions of goods and services; however, not everything can be included in GDP. As proposed by Gibson-Graham (2013) that Economy is like an Iceberg, all the visible/measurable economic activities in mainstream economy are above the waterline. Meanwhile, contributions made by people such as social workers, volunteers or housewives are mostly under the waterline, those value created are not calculated in GDP. Moreover, GDP couldn’t value natural resources until they are consumed. In other words, woods would be no value before sold as boards. Secondly, as GDP mainly makes no distinction between productive and destructive activities, the quality of life could decline with an increase in GDP. For example, illness, crime, and natural disasters all could increase money consumptions thereby affect GDP growth, but also has severe impact in happy...

...﻿Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders
Political, social and legal and forms of analysis of the macro-economic environment of the country of the area where it operates. Some of the interesting facts related to the BMW in India in terms of these important factors are discussed below.
Legal Factors
As laws in every country are different the same will apply to BMW India. In this case BMW would have to follow the laws and customs of not only India but also the UK up to a certain point which may mean they would have to adhere to different politics in India to what they are using in the UK. Legal factors affect the market BMW may serve too such as the prices they can charge for their cars, cost of labour, raw materials and technology.
Political factors
Social Factors
﻿Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders
Political, social and legal and forms of analysis of the macro-economic environment of the country of the area where it operates. Some of the interesting facts related to the BMW in India in terms of these important factors are discussed below.
Legal Factors
As laws in every country are different the same will apply to BMW India. In this case BMW would have to follow the laws and customs of not only India but also the UK up to a certain point...

...CHANGES IN INDIAN ECONOMY AFTER INDEPENDENCE
INDIA'S ECONOMY HAS MADE great strides in the years since independence. In 1947 the country was poor and shattered by the violence and economic and physical disruption involved in the partition from Pakistan. The economy had stagnated since the late nineteenth century, and industrial development had been restrained to preserve the area as a market for British manufacturers. In fiscal year (FY--see Glossary) 1950, agriculture, forestry, and fishing accounted for 58.9 percent of the gross domestic product (GDP--see Glossary) and for a much larger proportion of employment. Manufacturing, which was dominated by the jute and cotton textile industries, accounted for only 10.3 percent of GDP at that time.
India's new leaders sought to use the power of the state to direct economic growth and reduce widespread poverty. The public sector came to dominate heavy industry, transportation, and telecommunications. The private sector produced most consumer goods but was controlled directly by a variety of government regulations and financial institutions that provided major financing for large private-sector projects. Government emphasized self-sufficiency rather than foreign trade and imposed strict controls on imports and exports. In the 1950s, there was steady economic growth, but results in the 1960s and 1970s were less encouraging.
Beginning in the late 1970s, successive...

...Running head: Technology Change, Managing Change and Resistance to Change
Technology Change, Managing Change and Resistance to Change
James Thomas
Managing Organizational Change – GM597
Keller Graduate School of Management
Table of Content
I. Executive Summary
II. Literature Review
III. Change Model
IV. Discussion
V. Conclusion
VI. References
VII. Appendix
Executive Summary
This paper will touch on the topic of technology change and how it affects organization change. This in turn will touch on managing organizational change to ensue the technology is incorporated correctly. We will also discuss resistance to change and how to eliminate resistance and get employees buy in and commitment to change.
Technology processes and programs change very rapidly. It is important for a management to be able to recognize the need for the change and any obstacles that may appear with it. This change could hurt the organization if not implemented properly, by implementing the change too quickly, or met by too much resistance from employees.
Literature Review
Change can exist in both the external and internal environments. To be successful in active environments, organizations must be...

...Changes in the environment affecting the marketing activities of Indian Industries
Marketing Management
Marketing Environment
The market environment is a marketing term and refers to all of the forces outside of marketing that affect marketing management’s ability to build and maintain successful relationships with target customers. The market environment consists of both the macro environment and the microenvironment.
The microenvironment refers to the forces that are close to the company and affect its ability to serve its customers. It includes the company itself, its suppliers, marketing intermediaries, customer markets, competitors, and publics.
The macroenvironment refers to all forces that are part of the larger society and affect the microenvironment. It includes concepts such as demography, economy, natural forces, technology, politics, and culture.
Microenvironment
The company aspect of microenvironment refers to the internal environment of the company. This includes all departments, such as management, finance, research and development, purchasing, operations and accounting. In India the new developing small firms also have separate departments for each of their activities so as to facilitate easy business transactions. Each of these departments has an impact on marketing decisions. For example, research and development have input as to the features a product can perform and accounting approves the financial side of...

...INTRODUCTION
Change is an inherent feature inmost organizations today be it public or private. It may be affected by factors which are internal or external to the organization. According to Burnes, (2004) a change program is a term that is used to refer to the co-ordination of a structured period of transition from Situation A to Situation B in order to achieve lasting change. A change programme is essential to an organization in that is experiencing change as it caters for the effects the ongoing or impending change may have on people. However prior to a change it is important to carry out a SWOT and PESTEL analysis due to for example a changing macroeconomic environment may necessitate for change in an organization a decrease in the revenue may lead to the changes in an organization. So this assignment will focus on explaining what a SWOT and PESTEL are and bring out the importance conducting them out before doing a change programme.
PESTEL
Matanhire andMazhazha-Nyandoro(2002) note that organizational transformation usually emanates from the organization’s external environment. The changes derive from the shifts in the relationships between the organisation as an entity and its environment. These changes in relationships result in organisations altering and adjusting aspects such as markets...

...PANKAJ GHEMAWAT
AUGUST 2007
STEVEN A. ALTMAN
Industry Case Study:
The Indian IT Services Industry in 2007
“Many years ago, there was an industrial revolution; we missed it for reasons beyond our control. Today
there is a new revolution – a revolution in information technology, which requires neither mechanical bias nor
mechanical temperament. Primarily it requires the ability to think clearly. This we have in abundance. We
have the opportunity to participate in this revolution on an equal basis; we have an opportunity, even, to
assume leadership in this revolution. If we miss this opportunity, those who follow us will not forgive us for
our tardiness and negligence.”
—TCS Deputy Chairman F. C. Kohli, 1975 Speech to Computer Society of India
“India is likely to be the next software superpower.”
—Microsoft Chairman Bill Gates, 2000 Speech at Davos
“Saudi oil, Japanese cars, and Indian services – some industries can truly transform a nation.”
—NASSCOM McKinsey Study 2005
In the fiscal year ended March 2007, the Indian IT (information technology) Services industry
posted revenues of $23.5 billion, including $18.0 billion in exports. 1 With sustained growth above
30% per annum since the early 1990s, the industry had spurred a global offshore services boom
reaching far beyond IT itself. India had become a global center for offshore execution of business
processes ranging from call center operations to advanced...